UBS Cautious on Indian Banks & NBFCs Amid Rising NPL Risks; Cuts Targets for IndusInd Bank , Axis Bank, AU SFB

UBS has expressed concerns about rising non-performing loans (NPLs) and a decline in portfolio quality across several Indian banks and NBFCs. Here’s a detailed summary […]

Canara Bank’s Q3 Financial Highlights: Robust Profit Growth, Improved Asset Quality, and Strategic Provisioning

Canara Bank’s Q3 Profit After Tax (PAT) stands at Rs 3,656 crore, reflecting a YoY increase from Rs 2,881 crore. Gross Non-Performing Assets (NPA) decreased […]

ICICI Bank’s Q3 Success: Achieving a Record Profit of 10,271 Crores, Surpassing Expectations on the Street

ICICI Bank’s third-quarter Profit After Tax (PAT) reached 10,271 crores, surpassing the estimates of 9,980 crores. The Net Interest Income (NII) for the quarter stood […]